M&A Deal Summary

UDR Acquires 95 Wall Apartment Community

On September 1, 2011, UDR acquired real estate company 95 Wall Apartment Community from Moinian Development Group for 325M USD

Acquisition Highlights
  • This is UDR’s 22nd transaction in the Real Estate sector.
  • This is UDR’s 2nd largest (disclosed) transaction.
  • This is UDR’s 22nd transaction in the United States.
  • This is UDR’s 3rd transaction in New York.

M&A Deal Summary
Date 2011-09-01
Target 95 Wall Apartment Community
Sector Real Estate
Buyer(s) UDR
Sellers(s) Moinian Development Group
Deal Type Divestiture
Deal Value 325M USD

Target

95 Wall Apartment Community

New York, New York, United States
95 Wall Apartment Community a 507-home luxury apartment community.The community is currently 93% occupied and has an average income per occupied home of over $3,100 per month.

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Buyer(S) 1

Buyer

UDR

Highlands Ranch, Colorado, United States

website

Category Company
Founded 1972
Sector Real Estate
Employees1,263
Revenue 1.5B USD (2022)
DESCRIPTION
UDR's corporate headquarters in Highlands Ranch, Colorado.
UDR's corporate headquarters in Highlands Ranch, Colorado.

UDR is a self-administered real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities generally located in high barrier-to-entry markets located throughout the United States. UDR was formerly known as United Dominion Realty Trust. UDR was founded in 1972 and is based in Highlands Ranch, Colorado.

DEAL STATS #
Overall 22 of 23
Sector (Real Estate) 22 of 23
Type (Divestiture) 2 of 2
State (New York) 3 of 3
Country (United States) 22 of 23
Year (2011) 5 of 6
Size (of disclosed) 2 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Twenty400

Arlington,, Virginia, United States

Twenty400, a 217-home luxury apartment community. The five-story property located in Arlington, Virginia was developed in 2010 and is currently in the final stages of lease up.

Buy $84M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 1301 Thomas Circle in Washington D.C.

Washington,, District of Columbia, United States

1301 Thomas Circle, a ten-story building, 292-home luxury apartment community is located in the Logan Circle neighborhood near the 14th Street Corridor and less than a mile from the White House.

Buy $154M

Seller(S) 1

SELLER

Moinian Development Group

New York, New York, United States

website

Category Company
Founded 1980
Sector Real Estate
DESCRIPTION

The Moinian Group is among the few national real estate entities to develop, own and operate properties across every asset category, including office, hotel, retail, condos and rental apartments.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
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